Overview

Corpay (formerly FleetCor) is a multi-segment payments platform with predecessor roots from 1986, incorporated as FleetCor in 2000. Led by Ronald F. Clarke (CEO since August 2000) from Atlanta headquarters, the S&P 500 company (market cap ~$18.6B, $4.31B TTM revenue) has made 64+ acquisitions including Cambridge Global Payments ($690M, 2017), Paymerang ($475M, 2024), and Alpha Group ($2.2B, announced July 2025).

Highlights

IPO history: December 2010 public offering, now S&P 500 company
Multi-segment approach: Fleet/fuel cards, lodging, corporate payments, cross-border
Proprietary closed-loop payment networks: Specialized controls and expense management
Aggressive M&A: 64+ acquisitions building comprehensive payment ecosystem
Major recent deals: Paymerang ($475M), Alpha Group ($2.2B)
Global reach: Operations in 200+ countries
“Simplify how you make payments” positioning: Expense control through specialized card programs
Use cases: Fleet fuel management, corporate travel, cross-border B2B payments, lodging programs

Founded

1986 (predecessor); FleetCor incorporated 2000. Founded by Ronald F. Clarke (CEO since August 2000).

Headquarters

Atlanta, Georgia (Terminus 100); operations in 200+ countries.

Ownership and funding

Public (NYSE: CPAY, IPO December 2010). Extremely acquisitive (64+ deals) including Cambridge Global Payments ($690M, 2017), Paymerang ($475M, 2024), Alpha Group ($2.2B, announced July 2025).

Core technology

Multi-segment payments platform with proprietary closed-loop payment networks. Specialized cards (fleet, lodging, corporate); cross-border payments.

Market position

Enterprise to mid-market; S&P 500 company; $4.31B revenue (TTM); ~$18.6B market cap.

Product philosophy

“Simplify how you make payments”.